63.90 -0.53 (-0.82%)
After hours: 5:02PM EST
|Bid||60.50 x 1300|
|Ask||64.80 x 900|
|Day's Range||63.06 - 64.60|
|52 Week Range||44.80 - 81.97|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||4.23|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||2.16 (3.39%)|
|1y Target Est||71.92|
Truck rental and leasing company Ryder System Inc.s shares soared 5% Thursday, after the company beat earnings estimates for the fourth quarter. Miami, Fla.-based Ryder said it had net income of $108.8 million, or $2.06 a share, in the quarter, down from $643.8 million, or $12.13 a share, in the year-earlier period, when it enjoyed a tax benefit. Adjusted per-share earnings came to $1.82, ahead of the FactSet consensus of $1.81. Revenue rose 17% to $2.3 billion, topping the $2.2 billion FactSet consensus. In 2019, the company is expecting "solid earnings growth across all business segments," Chief Executive Robert Sanchez said in a statement. But the company is expecting overall used vehicle results to be "modestly lower" due to lower market pricing expectations. "We are continuing to reduce our long-term residual value estimates on vehicles in operation and accelerating depreciation on vehicles we expect to make available for sale through mid-2020," he said. The combined impact from is expected to shave about $27 million off pretax income, less than the $45 million previously expected. Ryder will continue to invest in sales and marketing, IT and new product development to combat disruptive trends in the industry. Capex is expected to be higher as the company refreshes and expands its fleet, leading to negative free cash flow of $2 billion, he said. The company lowered its full-year EPS forecast by about 20 cents to reflect a new revenue recognition accounting standard that will be implemented in 2019. Shares have fallen 25% in the last 12 months, while the S&P 500 has gained 2%.
Ryder (R) delivered earnings and revenue surprises of 0.55% and 3.99%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Miami-based company said it had net income of $2.06. Earnings, adjusted for one-time gains and costs, were $1.82 per share. The results surpassed Wall Street expectations. The ...
Strong segmental performance and lower tax rate to drive Ryder's (R) Q4 results. However, high capital expenditures do not bode well.
Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today an e-commerce fulfillment solution set to transform the way many manufacturers do business online, offering an alternative to third-party marketplaces by fulfilling orders of manufacturer products direct to consumers.
The Board of Directors of Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today declared a regular quarterly cash dividend of $0.54 per share of common stock, to be paid on March 15, 2019, to shareholders of record on February 19, 2019. Ryder is a Fortune 500® commercial fleet management, dedicated transportation, and supply chain solutions company.
Ryder System Inc NYSE:RView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for R with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding R totaled $19.35 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. R credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Ryder (R) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ryder System, Inc. (NYSE: R ) presented its Service Excellence Awards to top-performing carriers at its ninth annual Mexican Carrier Recognition Event in Mexico City on January 17. The event – reported ...
Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today announced that it has been named by Fortune magazine as one of the World's Most Admired Companies. This is the seventh consecutive year that Ryder has made the list, ranking as one of the top five companies within the Trucking, Transportation, and Logistics industry. “I couldn’t be any prouder of the company and its dedicated employees as this is a tremendous honor to be ranked for the seventh consecutive year by Fortune as one of the most admired companies in the world,” said Robert Sanchez, Ryder Chairman and CEO.
Ryder System, Inc. , a leader in commercial fleet management, dedicated transportation, and supply chain solutions, presented its Service Excellence Awards to top-performing carriers at its ninth annual Mexican Carrier Recognition Event.
NEW YORK, Jan. 25, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Ryder System, Inc. (NYSE: R) expanded its truck asset-sharing platform, "COOP by Ryder," into south Florida as part of a plan to develop a connected marketplace with neighboring Georgia, where the peer-to-peer model debuted last March, said Rich Mohr, COOP's general manager, in an interview with FreightWaves today. The initiative, which launched in Atlanta and which was broadened today to cover Florida's southern half, matches businesses needing commercial vehicle equipment with fleet owners and operators with idle assets. Following the same general model as Airbnb, in which property owners list space for rent to a global marketplace, COOP gives asset owners the chance to generate revenue from underutilized equipment.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be remiss not to mention that insider sales have Read More...
The short-term commercial vehicle rental marketplace developed by Ryder System Inc. has rolled into the South Florida market. The Miami-based logistics and supply chain giant (NYSE: R) spent about a year testing out Coop in Georgia, where it attracted about 300 users who are sharing or renting trucks, tractors and trailers via the online platform. Marco Ardila, CEO of Medley-based Firstway Logistics Trucking, signed up for Coop for about two weeks ago and has since rented out five trailers.
Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today the expansion of COOP by RyderTM into South Florida. The truck sharing platform, the first of its kind for commercial vehicles, initially launched in Atlanta in March 2018. COOP allows fleet owners to safely generate revenue by sharing idle trucks and trailers while providing a new source of rental vehicles from a network of trusted peers.
Some South Florida companies are taking the world spotlight. Four companies headquartered in the tri-county area are among Fortune's 2019 list of the World's Most Admired Companies. Fortune collaborated with management consulting firm Korn Ferry to rank the largest 1,000 U.S. companies by revenue, along with non-U.S. companies from Fortune's Global 500 database with revenues of $10 billion or more.
The company is employing robotics, drones, sensors and wearable devices to combat the shortage of warehouse workers.
Ryder System, Inc. (NYSE:R), a leader in commercial fleet management, dedicated transportation, and supply chain solutions, announced today the successful transformation of Ryder smart warehouses in the Miami, Dallas, and Chicago markets. The warehouses, established for three leading global consumer brands, bring together innovative startup technologies and smart capabilities customized to optimize operations and best serve customer needs.
Ryder System, Inc. , a leader in commercial fleet management, dedicated transportation, and supply chain solutions, today provided details regarding its conference call scheduled for February 14, 2019, at 11:00 a.m.
CNBC's "Power Lunch" team is joined by Robert Sanchez, CEO of Ryder System, to talk about the health of transportation and shipping.